Blockchain is the new electricity and the biggest invention after the emergence of the Internet. Now it is the most disruptive distributed technology, used to conduct secured transactions, carried out in a decentralized manner. Although this technology has been introduced with Bitcoin and is commonly associated with cryptocurrencies, it is currently getting more and more attention in many industry and governance sectors. For sure, education is one of the domains that can be changed soon by blockchain. It is estimated that the edtech sector it will reach $93.76 billion by 2020. Technologies like Artificial Intelligence and Virtual Reality have already been successfully integrated in the educational process. So, the next breakthrough could come from blockchain technology and there are already several perspectives on how it can transform education:
o Improve record keeping and digital certificates
o Increase efficiency in administrative processes (payments, smart contracts etc.)
o Support the growth of MOOC initiatives
o Create a disruptive model for the education industry
This paper will focus on providing a state of the art of current initiatives and discuss the perspectives on how blockchain can disrupt the education industry. Although we expect the blockchain technology to revolutionize business processes in many industries in the future, its adoption requires time and effort. Blockchain will stimulate people to acquire new skills, while traditional businesses, including education, will have to completely rethink their processes. Considering that governments are starting to accept the benefits of blockchain and use them to improve various sectors, it is very likely that from 2020 we will see more examples of successful implementation of this technology.